Wintao Other Current Liab vs Capital Lease Obligations Analysis
301139 Stock | 25.61 0.36 1.43% |
Wintao Communications financial indicator trend analysis is more than just analyzing Wintao Communications current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wintao Communications is a good investment. Please check the relationship between Wintao Communications Other Current Liab and its Capital Lease Obligations accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Wintao Communications Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Other Current Liab vs Capital Lease Obligations
Other Current Liab vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wintao Communications Other Current Liab account and Capital Lease Obligations. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Wintao Communications' Other Current Liab and Capital Lease Obligations is -0.6. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Wintao Communications Co, assuming nothing else is changed. The correlation between historical values of Wintao Communications' Other Current Liab and Capital Lease Obligations is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Wintao Communications Co are associated (or correlated) with its Capital Lease Obligations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Lease Obligations has no effect on the direction of Other Current Liab i.e., Wintao Communications' Other Current Liab and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | -0.6 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Other Current Liab
Capital Lease Obligations
Wintao Communications capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Wintao Communications asset purchases. For example, Wintao Communications can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Wintao Communications control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.Most indicators from Wintao Communications' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wintao Communications current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Wintao Communications Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. As of December 11, 2024, Tax Provision is expected to decline to about 377.6 K. In addition to that, Selling General Administrative is expected to decline to about 31.9 M
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 9.2M | 13.2M | 9.2M | 11.3M | Interest Income | 364.5K | 3.6M | 8.5M | 8.9M |
Wintao Communications fundamental ratios Correlations
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Wintao Communications Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of Wintao Communications at a specified time, usually calculated after every quarter, six months, or one year. Wintao Communications Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Wintao Communications and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Wintao currently owns. An asset can also be divided into two categories, current and non-current.